Chapter 2738 Independent Bonds
Long before the sale of independent bonds, major underwriters have launched a massive publicity campaign, advertising overwhelmingly through the cloud network and media terminals such as radios and TV sets based on the cloud network.
It is obviously selling bonds, but the advertisement is written impassionedly and uprightly. The copywriting style is completely imitating the inner taste of the Declaration of Independence. Using the War of Independence in the New World as a gimmick, it advocates against imperialist colonial wars and calls on investors to give generously. Support the independent revolution that is taking place vigorously in the New World, and contribute to the just cause.
Even Joan, who knows the inside story of the independent bond and knows how much water is in it, after reading the advertisement copy of "Independent Bond" pushed by Yunwang, he couldn't help being aroused by the same hatred and bought a gold tower worth 1 million in one go. Le's Independence Bond!
In fact, Qiao An knew in his heart that even if the Continental Army finally won the War of Independence, the weak Continental Congress may not be able to repay the principal and interest of the bonds on schedule. It's hard paper.
However, with his current net worth, losing all of this investment would not hurt his muscles and bones. The purchase of bonds was not for profit, but simply to make a contribution to the cause of freedom for the people of the motherland.
His Majesty, the Emperor of the Far East, was not very interested in supporting the independent revolution in the New World before. Old man Franklin had spent so long in Fort Kouras, but he was still unable to persuade the Far East government to recognize him as a diplomatic envoy, let alone offer money and guns to support the Great East. army.
However, this stalemate turned around with the arrival of David Kaufman.
His Majesty Roland changed his previous indifferent attitude, and showed an unusually strong interest in Mr. Kaufman's mission of issuing bonds. He not only instructed domestic financial institutions to facilitate the issuance of independent bonds, but also personally performed the work in his busy schedule. Go into battle, help the bond underwriting team plan publicity, write advertising copy.
Soon thereafter, huge advertising posters promoting independent bonds sprung up on landmarks on the streets of capitals from Fort Colas to Bethlehem, Patus, Munshawat, and the holy city of Ashan.
In the center of the poster, there is an artistic bust of a New World revolutionist, wearing a top hat, with a high nose and deep eyes, stern and fanatical eyes, pointing to the audience outside the screen, as if shouting revolutionary slogans.
There is also an advertisement at the bottom of the screen:
"Buy Independence Bonds and become our 'Father of the Nation'!"
"Not everyone has the opportunity to sign the Declaration of Independence, but everyone can buy Independence Bonds!"
Good guy! This wave is a big wholesale sale of "Father of the Nation", jumping off a building for a big sale, the opportunity is not to be missed, and the loss will never come again!
Buy a group of independent bonds, and you have the opportunity to become the spiritual "father" of all the citizens of the Republic of Wilnoa and their descendants. Even if it's just for the addiction of being a father, buying a set of bonds is worth it!
After such a huge marketing hype, coupled with the 6% annual interest rate is indeed quite attractive, it has successfully set off an upsurge of buying "independent bonds" in the secondary market, even in the territory of Fizhen Kingdom. The speculators who bought "independent bonds" on "Cloud Network" completely ignored that doing so was tantamount to supporting the revolutionaries in the New World in disguise, so much so that the Prime Minister Lord North couldn't help complaining to King George III:
"The profit-seeking speculators from all over the world are gathering under the banner of the Emperor of the Far East to fight against our government!"
...
Judging from the market situation, independent bonds are selling very well. The Continental Congress and the Continental Army have received a loan of 100 million gold thalers from the bond issuance. With money in their pockets, let’s not care about how to repay the debt in the future. Will it get better?
That's what Joan thought at first.
However, after inquiring about the debt issuance from Mr. Kaufman and the old man Franklin, he realized that he was still too young and his thinking was too simple.
In fact, the 100 million raised by issuing bonds seems like a huge sum of money, but the cash that the Continental Congress can get is pitifully small.
According to the bond underwriting contract signed at the beginning, more than 70% of the loan must be used to purchase bulk materials such as guns, quilts and military rations produced in the Far East.
That is to say, most of the money will never leave the border of the Far East, and will be transferred to the accounts of major military suppliers after leaving the exchange, and will be digested internally.
It wasn't until this moment that Joan suddenly realized why His Majesty Roland was so interested in helping the Continental Congress issue war bonds.
The reason is actually very simple, because it is profitable.
Looking back afterwards, it is not difficult to find that His Majesty the Emperor and his think tank team first raised a large sum of money from investors from all over the world by underwriting and selling independent bonds.
Then use this money to place orders for domestic factories that are in the throes of transformation, and give blood transfusions to these struggling companies in a timely manner, so as to help the revolutionaries in the New World while solving the hidden dangers of industrial overcapacity in the Far East and fight for the transformation of the national economy. It is hoped that the Far East economy will finally achieve a smooth "soft landing" until the precious buffer period is reached.
This wave of left-handed and right-handed, dazzling operations can be called the dimensionality reduction blow of the iron fist of financial capitalism to the New World, which is still in the pre-industrial age!
Or in His Majesty's own words, this is called "win-win".
...
It was midwinter at that time, and the climate in the northern part of the New World was not much warmer than that in the Far East. In such a freezing season, both warring parties were forced to put down their flags and withdraw their troops for the winter.
The Fiji regular army with sufficient logistics supplies can wear warm sleeping coats and rest in peace in the barracks. However, the 40,000 soldiers of the Continental Army stationed in Forge Valley have no warm clothes and have to endure the torment of wind, snow and severe cold.
If things go on like this, it will be difficult for the lower-level officers and soldiers of the Continental Army to survive this harsh winter, let alone guarantee their combat effectiveness.
It was against this background that Mr. Kaufman responded to the repeated urging of General Vasa and used the funds obtained from the bond issue to purchase a large number of warm quilts. The most urgent task was how to quickly and safely deliver these materials to Forge Valley.
Generally speaking, the cost of transporting bulk materials by sea is the lowest.
The problem is that the east coast of Wilnoa is now blocked by General William Howe's fleet.
The Army of the Far East is recognized as the best in the world, and the construction of the air force is also among the best in all countries. In comparison, the strength of the navy is relatively mediocre, and it cannot compare with the arrogant "Empire on which the sun never sets". Fleet tough wave?
I really dare not.
At least at the time point of 1627, the Far East Navy did not have the confidence to challenge the Royal Fleet of Feizhen head-on.
...
·Historical Materials: Capital Without Borders (Seven Years War and Financial Speculation)
According to Fernand Braudel, the Seven Years' War was the first real world war, and it was a key to the victory of Britain and France.
From the perspective of the international financial market, the UK has already won when the debt reduction plan was successful.
Even though the interest rate keeps falling and the UK refuses to repay the principal, it still allows so many international hot money to rush to buy its stocks. The UK no longer borrows money from Amsterdam and attracts Amsterdam’s money to the UK. At this time, the UK has already won. .
At the same time, in the richer cities in France, including the former financial centers, Lille and Lyon, a large number of capitalists sent their capital to the securities market in Amsterdam for the sake of insurance, and handed it over to local agents for investment.
These proxies, in order to be accountable to their stockholders, bought the most profitable and capital-preserving stocks.
Whose stock is it?
Shares issued by the UK government.
In this way, the money from the French capitalists was sent to the Royal Navy through the stock market in Amsterdam and turned into British warships, which drove the French out of India and ended the world war.